Korea Exchange Holds Industry Briefing in Preparation for New Securities Market Launch

The Korea Exchange announced on the 14th that it will hold the 'KRX New Securities Market Opening Briefing' on the 20th.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

The Exchange recently received a new designation as an innovative financial service from the Financial Services Commission for the pilot opening of the new securities on-market trading.

The new securities market is an on-market securities market using the existing electronic securities method that accommodates large-scale trading of investment contract securities and non-monetary trust beneficiary certificates, in accordance with the Financial Services Commission's 'Token Securities Issuance and Distribution Regulatory Framework Improvement Plan.' The existing electronic securities method refers to the current trading method of listed securities such as stocks, not token securities utilizing distributed ledgers.

Accordingly, the Exchange plans to hold a briefing session on the 20th at 3:30 PM at the Exchange to share market opening preparations and gather related opinions from corporations (such as fractional investment operators) wishing to list new securities on the Exchange. The briefing will introduce considerations for developing products eligible for listing on the new market, market systems, and the opening schedule. Attendance is limited to those who apply in advance, and applications can be submitted to the Exchange via email by the 18th.